Cycle may show a license ID in preferences but behaves as if there is no license or that its license
The license ID must be released client side.
To release the license:
1. Close Cycle
2. Navigate to C:\Users\[YourUsername]\AppData\Roaming\Cycle\config folder
Please note that the AppData folder is a hidden folder, to access it manually type it into your file explorer or configure your file explorer to show hidden files.